The global market for functional and barrier coatings for paper and board was valued at $3,778 million in 2007, growing at 3.1 percent, and is expected to reach $4,561 million by 2014.
The University of Georgia Research Foundation Inc. and the University of Puerto Rico have granted an international, nonexclusive license for a portfolio of glow-in-the-dark pigments that can be designed to emit light in any color of the visible spectrum for nearly a day. Performance Indicator LLC, of Lowell, MA, has acquired the license.
Oregon Governor Ted Kulongoski has signed into law the nation’s first program requiring paint manufacturers to safely manage leftover latex- and oil-based paint from consumer and contractor painting jobs.
OMNOVA Solutions Inc. has reported net income of $10.1 million, or $0.23 per diluted share, for the third quarter ended August 31, 2009, compared to net income of $3.1 million, or $0.07 per diluted share, for the third quarter of 2008. Included in the third quarter of 2009 were restructuring and severance charges of $0.3 million and flood-related expenses of $0.6 million.
BASF has outlined its Strategy 2020 for Asia Pacific, with the goal of growing on average two percentage points faster than the Asia-Pacific chemical market each year. With expected market growth of 4 to 5 percent per year, this would double regional sales by 2020 while earning a premium on cost of capital.
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